"Something like that should never have been said and we're sorry about it," Jay Averill, a spokesman for the company said last week.

Story continues after the slideshow

Close



9 Incriminating Things Wall Street Workers Have Said Via Email

of





According to a federal lawsuit, a 2007 email allegedly written by an investment banker to an S&P analyst included this statement. Other emails sent by S&P suggested that analysts were very much aware of how little quality control was valued at S&P.

Goldman Sachs Vice President Fabrice Tourre sent internal emails suggesting he had major doubts about the collateralized debt obligations he sold to investors in early 2007.

In an internal email sent in December of 2006, an S&P employee indicated that he knew how bad collateralized debt obligations were before the heart of the financial crisis, The New York Times reported.

By 2006, Goldman Sachs traders were internally describing subprime home mortgages in a very negative light.

Blodget encouraged investors to buy stocks that he privately wrote in emails were not good investments, to say the least, Time reported in 2009.

In private emails, Barclays traders wrote incriminating statements indicating the manipulation of libor, the Financial Times reported.

JPMorgan Chase claimed in a lawsuit that Lehman deceived JPMorgan with bad assets, which Lehman employees allegedly referred to internally as "goat poo."

Back in the early 2000s, then-Attorney General Eliot Spitzer used internal emails from Merrill Lynch to prove that the bank continually promoted stocks -- such as Internet company GoTo.com -- that it did not really believe in.

Morgan Stanley bankers openly joked about a toxic investment they were creating in 2007 and debated naming it "Shitbag," "Nuclear Holocaust," "Subprime Meltdown" and "Mike Tyson's Punchout," according to recently unearthed emails. The bankers later agreed upon the name "Stack."

It is not the first time that open microphones have proved problematic for corporate executives. In 2007, the CEO of U.S. student lender SLM Corp, Albert Lord, was caught saying at the end of a testy conference call: "There's no questions - let's get the fuck out of here."

Lord subsequently apologized, saying he recognized his "comments were offensive."

And in taped comments in 2001, then-Enron CEO Jeffrey Skilling mockingly thanked an analyst for a question on a conference call, ending with the clearly audible word: "Asshole."

The abusive comment was subsequently seen by short sellers as a sign of how much pressure Skilling was under at the time as Enron's accounts, which were later discovered to be fraudulent, began to unravel.

"If I could go back and redo things, I would not have used the term that I used," Skilling, who is currently serving a prison sentence for his role in the Enron scandal, later told a Congressional hearing.

CORRECTION: A previous version of this story stated incorrectly that Encana's CEO cursed at the analyst. The person swearing has not been identified by Encana.